Archive for January 23rd, 2007

Understanding Write-Offs and Foreclosures

Tuesday, January 23rd, 2007

Could you please give me some idea about charge-off, foreclosure, write-offs? I need to know on what grounds the banks will go for charge-off or foreclosure? What are the advantages of the above three to the bank?  It would be great if you can explain with examples.
DG

DG asks a good question. We hear these terms and wonder what affect they have on the money that we owe. So let’s see if we can’t shed some light on the question and help DG avoid financial hardship.

January 2007
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